Claims Cash Pool definition

Claims Cash Pool means Cash in amount equal to (x) $500,000 plus (y) the amount, if any, by which the aggregate amount of Allowed Professional Claims of the Committee’s Professional are less than $400,000, minus (z) the amount, if any, by which the aggregate amount of Allowed Professional Claims of the Committee’s Professional are greater than $400,000, to fund the Claims Cash Pool Account and be distributed in accordance with the terms and conditions of the Plan.
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Claims Cash Pool means Cash , in amount equal to the lesser of (x) $500,000 a) $1,000,000 and (b) the sum of (i) $650,000; plus (yii) the amount, if any, by which the aggregate amount of Allowed Professional Fee Claims of the Committee’s Professional Professionals are less than $400,000, minus (z; plus (iii) the amount, if any, by which the aggregate amount of Allowed Professional Fee Claims of the Committee’s Professional are greater than $400,000, to Debtors’ Professionals are less than $3,302,000; which Cash will fund the Claims Cash Pool Account and be distributed in accordance with the terms and conditions of the Plan.
Sample 1
Claims Cash Pool means $5,900,000 in Cash, of which (a) $5,800,000 shall be funded to the Claims Cash Pool Account in accordance with Article IV.F and distributed in accordance with the terms and conditions of the Plan; and (b) $100,000 shall constitute the Creditors’ Oversight Administrator Funding Amount.​
Sample 1

Examples of Claims Cash Pool in a sentence

  • For the avoidance of doubt, the Reorganized Debtors shall have no obligation to pay any fees and expenses of the Claims Oversight Monitor, including the fees and expenses of any professionals retained by the Claims Oversight Monitor, in excess of $100,000 in the aggregate (and any such additional fees and/or expenses shall be paid from the General Unsecured Claims Cash Pool Account).

  • Any Cash not distributed in accordance with the terms of the Plan to Holders of Allowed General Unsecured Claims in Class 5A and Class 5B shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code, and shall remain in the General Unsecured Claims Cash Pool for distribution on account of other Allowed General Unsecured Claims.

  • The cost (if any) of preparing and filing any tax returns for the General Unsecured Claims Cash Pool Account shall be paid by the Reorganized Debtors, but the amount of any tax due shall be paid from the General Unsecured Claims Cash Pool Account.

  • The General Unsecured Claims Cash Pool Account shall be listed under the Reorganized Debtors’ taxpayer identification number.

  • The General Unsecured Claims Cash Pool Account will bear interest and, therefore, the General Unsecured Claims Cash Pool Account may generate income subject to tax.

  • The Plan is not premised upon the substantive consolidation of the Debtors with respect to the Classes of Claims or Interests set forth in the Plan; provided, that the Reorganized Debtors may consolidate Allowed Claims (a) on a per Class basis for purposes of voting and (b) into one Estate for purposes of distributions from the General Unsecured Claims Cash Pool Account.

  • After all distributions have been made in accordance with the terms of the Plan to Holders of Allowed General Unsecured Claims in Class 5A and Class 5B, any Cash remaining in the General Unsecured Claims Cash Pool totaling less than or equal to $30,000, in the aggregate, may be donated by the Claims Oversight Monitor to a charity of its choice.

  • Except to the extent that a Holder of an Allowed Class 5A General Unsecured Claim agrees to a less favorable treatment with the consent of the Requisite First Lien Creditors, in full and final satisfaction, settlement, release, and discharge of and in exchange for each such Claim, each Holder of an Allowed Class 5A General Unsecured Claim shall receive its Pro Rata share of the General Unsecured Claims Cash Pool.

  • Similarly, on the Effective Date the General Unsecured Claims Cash Pool Account will be funded.

  • The DIP Lenders shall contribute 20% of the next $15 million in excess of the DIP Claim Threshold received by the DIP Lenders on account of the DIP Facility Claim to the General Unsecured Claims Cash Pool Account.

Related to Claims Cash Pool

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Petty Cash means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.

  • Claims Objection Bar Date means the deadline for objecting to a Claim, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be specifically fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Bankruptcy Court for objecting to Claims.

  • Claims Bar Date means the applicable bar date by which Proofs of Claim must be Filed, as established by: (a) the Bar Date Order; (b) a Final Order of the Bankruptcy Court; or (c) the Plan.

  • DIP Claim means a Claim held by the DIP Lenders or the DIP Agent arising under or relating to the DIP Credit Agreement or the DIP Order, including any and all fees, interests paid in kind, and accrued but unpaid interest and fees arising under the DIP Credit Agreement, but, for the avoidance of doubt, excluding the First Lien Adequate Protection Claims.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • Escrow Cash is defined in Section 4.1(a).

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Administrative Claims means Claims that have been filed timely and properly before theAdministrative Claims Bar Date set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises). Any fees or charges assessed against the Estates under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Claims and shall be paid in accordance with Article V.N of the Plan. Notwithstanding anything to the contrary in this Plan, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor or an Affiliate of a Debtor or any Claim held by an Affiliate of a Debtor against a Debtor.

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Claims Bar Date Order means that certain order entered by the Bankruptcy Court establishing the Claims Bar Date.

  • Cash Payment has the meaning set forth in Section 2.2(b).

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Unresolved Claims has the meaning set forth in Section 7.6(c).

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Unsecured Claim means a Claim that is not an Administrative Claim, a Priority Tax Claim, a Priority Claim, or a Secured Claim.